Hints and tips:
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...The US is once again the promised land for some of Japan’s largest financial institutions. Mizuho, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are among the pilgrims....
...Mitsui Banking Corporation has a partnership with Jefferies Financial Group....
...The figures are distorted by movements in the value of its mammoth $353bn stock portfolio, which includes stakes in Apple, American Express and Bank of America....
...Its main lender was Sumitomo Mitsui Financial Group, whose brokerage arm SMBC Nikko later underwrote ispace’s IPO, while MS&AD Insurance Group, another investor, provided “the world’s first lunar mission...
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The company confirmed that insurance costs are, in most markets, the largest component of cost of revenues (and cost of revenue is currently running at almost 70 per cent of revenues, versus less than 20...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Travel spending by big US companies was “well over 50 per cent” of pre-pandemic levels in March, the chief financial officer of American Express told the FT last week....
...They have also asked a court to stop an agreement between American Airlines and JetBlue to consolidate operations in New York and Boston....
...The increase in profits was driven by Berkshire’s investment portfolio, which includes big stakes in Apple, American Express and Bank of America....
...of the company....
...by Sumitomo Mitsui Trust Bank (SMTB)....
...It makes his investment company Berkshire Hathaway one of the biggest shareholders in Mitsubishi Corp, Mitsui & Co, Itochu Corp, Sumitomo Corp and Marubeni Corp....
...Mr Buffett told Berkshire’s virtual annual meeting that he sold out of American Airlines, Delta Air Lines, Southwest and United Airlines in April. “It turns out I was wrong,” he said....
...The Big Three are on course to control 40 per cent of the votes in American corporations in a couple of decades....
...In February, eMarketer predicted 28m American households will cancel their cable TV subscriptions by the end of this year....
..., Nippon Life Insurance, NEC, Nippon Telegraph and Telephone, Nomura Holdings, Fujitsu, Mizuho Financial Group, Sumitomo Mitsui Financial Group, Mitsui Fudosan, Meiji, Lixil For decades, many Japanese companies...
...(BBG) Sign up here to Market Forces, our daily analysis of what's moving global markets News round-up Elliott Management nears deal to acquire Barnes & Noble (FT) UBS and Sumitomo Mitsui Trust Bank strike...
..., American Express, Bank of America and Wells Fargo....
...The shares of Visa, MasterCard and American Express have been among Wall Street’s great bull stories. American Express won a significant legal victory earlier this year....
...$5bn takeover of StanCorp Financial Group by Meiji Yasuda Life Insurance and the $3.8bn purchase of Symetra Financial by Sumitomo Life Insurance in 2016....
...Despite this, Yoshio Hishida, who was recently named president of Sumitomo Mitsui Trust Asset Management, Japan’s largest asset manager, said this month that companies were more willing to talk to shareholders...
...The large Japanese insurers such as Sompo, Tokio Marine and Mitsui Sumitomo, active buyers in the past, may look to bulk up and diversify away from their home market....
...Sumitomo Mitsui Banking Corporation, Japan’s number two lender by assets, has long been linked to a US deal, while MUFG wants to become a top 10 bank by deposits in America....
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